Leadership Shuffle

Oracle’s shares fell 7% after the company posted Q4 revenue of $16.06 billion, missing the $16.21 billion forecast, though earnings per share beat expectations at $2.26. Cloud revenue rose to $7.98 billion and remaining performance obligations jumped 438% to $523 billion, driven by contracts with Meta, Nvidia and others. The firm announced co‑CEO appointments for Clay Magouyrk and Mike Sicilia, unveiled AI agents for enterprise functions, and reaffirmed a “chip‑neutral” stance after selling its Ampere stake. Investors are watching Oracle’s AI‑infrastructure expansion amid rising debt concerns.

PetMed Express (PETS) announced the resignation of CEO Sandra Campos and CFO Robyn D’Elia. Board Chair Leslie C.G. Campbell is now Interim CEO, and Douglas Krulik is Interim Principal Financial Officer. The departing executives will receive severance packages, including 13 months’ salary and vested stock units, and will provide consulting for three months. The company is seeking permanent CEO and CFO replacements. Justin Mennen is Lead Independent Director, and the Audit and Compensation committees have new chairs.